Sotera Wireless, one of the earliest stalwarts of the digital health space, filed for Chapter 11 bankruptcy last week in a Southern California court, saying that it did not have enough funds to pay a wide range of debts. Mass Device first broke the news.
The company said in a filing that it has about $2.4 million in cash and owes more than $13 million to creditors, including Silicon Valley Bank...
Sotera Wireless has received yet another FDA 510(k) clearance for its ViSi remote patient monitoring system, this time for its novel continuous noninvasive blood pressure (cNIBP) monitoring software. The technology, which enables continuous blood pressure monitoring without a cuff or catheter, has been part of Sotera's pitch from the beginning, but was not included in the company's April 2012...
